Paramount Skydance is controlled by David Ellison and the Ellison family through their ownership stake and voting control in the merged company.
Current ownership/control
- In August 2025, Skydance Media completed an approximately $8 billion merger with Paramount Global and the Redstone family’s National Amusements to form the new entity, Paramount, a Skydance Corporation (often called Paramount Skydance).
- As part of this deal, an investor group led by Skydance and backed by Larry Ellison bought National Amusements (which had held the controlling voting stake in Paramount), transferring effective control from the Redstone family to the Ellison family.
Key individuals and structure
- David Ellison, founder of Skydance, is now the owner-operator leading the combined company and serves as its chairman and CEO, giving him primary executive control over Paramount Skydance.
- Paramount Skydance remains a publicly traded company (trading on Nasdaq under the ticker “PSKY”), so outside shareholders also own portions of the company, but overall control rests with the Ellison-led group.
